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economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work over the mind of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what with being right now again with twenty seven the people unemployed and missing for a get forty nine point seven million people live we already have tens in the people going to bread lines to get their food so this question of the big global economy and the wealth of the population is not good at all for nothing it's going to be resolved we're going to get aggressively to change the whole by means of with them so that with the eagle separation of the banks now will we need them to death with these with bills today or tomorrow obama is believes we nothing good for the american people that. are now let's look at how two thousand and twelve on the whole unfollowed folded for america last year was a success for barack obama who secured his second term as president our washingt
economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work over the mind of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what with being right now again with twenty seven the people unemployed and missing for a get forty nine point seven million people live we already have tens in the people going to bread lines to get their food so this question of the big...
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. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent much of the day mulling a bill that cleared the senate shortly before 2:00 a.m. >> the yeah's are 89. the nays are 8. 60-vote threshold having been achieved the bill as amended is passed. >> woodruff: the senate bill makes permanent the bush era tax cuts for 99% of families, those with incomes under $450,000 a year. anything over that amount would be taxed at a rate of 39.6% up from the current 35. the agreement would raise the estate tax on large estates to 40%. but the payroll tax cut of the last two years would expire. the bill also extends unemployment benefits for a year and it stops a cut in medicare paymen
. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent...
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cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up or down vote. and republicans like congressman jack kingston of georgia blame the senate for a hastily written bill. >> it was way past those senators' bedtime. they were blurry eyed when they were reading it. we're trying to fill in the gap wher
cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m....
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economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and we're going to get aggressively to change the whole twenty fifth i'm sure that with legal separation of the banks and now we need some of the there are these where this bill is passed today or tomorrow obama is live we nothing good we people with. and now let's take a look at how two thousand and twelve on the whole unfolded for america last year was a success for barack obama who secured his second u.s. presidency a washington correspondent says he not only succeeded in snatching victory from arch rival mitt romney but also votes from the third party candidates as well. there
economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and...
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that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are saying we've seen how difficult it is to do these deals. look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the politicians on notice tha
that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are...
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it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out to change the direction because that trillion dollars isn't just a problem for the next generation, it's a problem for corporate america, it's a problem for every american. >> the deal approved by the senate continues tax breaks for those earning less than $400,000 and for couples earning less for 450,000. it raises taxes on wealthiest americans. house republicans are supposed to meet twice today about the bill no decision expected
it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle...
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i don't know what my decision will be as we move forward on this issue of the fiscal cliff, but i will say this, we will not tolerate the american people being held hostage over the debt ceiling. and these unhelpful cuts that will cut into those who are the most vulnerable. that will not be the pathway that we will take. for every economist will tell you if you invest in your people and build infrastructure, you'll grow this country and you'll turn this economy and you'll be able to get people jobs. that's the message that will come forth from this day, january 1, when we are here in this congress. i want the american people to be optimistic because there are members of congress that will fight for your growth, your opportunity, your freedom. that is what america's all about. i yield back. the speaker pro tempore: the gentlelady yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent to address the house for one minute. to revise and extend. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one
i don't know what my decision will be as we move forward on this issue of the fiscal cliff, but i will say this, we will not tolerate the american people being held hostage over the debt ceiling. and these unhelpful cuts that will cut into those who are the most vulnerable. that will not be the pathway that we will take. for every economist will tell you if you invest in your people and build infrastructure, you'll grow this country and you'll turn this economy and you'll be able to get people...
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increases and spending cuts. >>> it's not just the fiscal cliff u-s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16-point- 4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit fundsbut after that, the treasury will not be able to pay all of the country's bills in >>> doctors are treating secretary of state hillary clinton for a blood clot that formed in her head and they're confident she will make a full recovery. not cause a stroke, or any brain damage. the clot is located in the vein in the space between the brain and the skull behind the right ear. to help dissolve the clot, they are treating her with blood thinners. she will be released once the medication dose has been established. we will be right back. . >>> zynga has started shutting down several titles as part of a plan to cut costs at the struggling online game company. games such as petville and mafia wars 2 will no lon
increases and spending cuts. >>> it's not just the fiscal cliff u-s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16-point- 4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit fundsbut after that, the treasury will not be able to pay all of the country's bills in >>>...
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it was down to the wire but the senate avoided the fiscal cliff overnight, approving a bill to head off tax increases and spending cuts. president obama asking the house to pass it without delay. nancy cordes is on capitol hill this morning. good morning to you. >> reporter: good morning, terrell. technically we did go over the fiscal cliff at midnight this morning, but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned, voted overwhelmingly around 2:00 in the morning by a vote of 89-8, almost all democrats and republicans voting yes on a deal that would make permanent the bush era tax cuts for people earning up to $400,000 a year and couples earning up to $450,000 a year. this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell. >> nancy cordes on capitol hill. thank you so much. >>> secretary of state hillary clinton spen
it was down to the wire but the senate avoided the fiscal cliff overnight, approving a bill to head off tax increases and spending cuts. president obama asking the house to pass it without delay. nancy cordes is on capitol hill this morning. good morning to you. >> reporter: good morning, terrell. technically we did go over the fiscal cliff at midnight this morning, but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned, voted...
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. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff lie this is front of us. >> secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the rose parade route preparing for cold weather. >> we have bed, fireplace, blankets, fire pit. we're all set. from across the bay to around the world, the stories that matter on "eyewitness news this morning" ... >>> good morning. january 1, 2013 already. i'm grace lee. michelle is off today. >> hi, everyone. i'm frank mallicoat. it is 6:31. that "fiscal cliff" drama is going on past the deadline which was 9 1/2 hours ago but a little bit of progress. >> that's right. let's take a live look from the u.s. capital where the senate passed the bill after the midnight deadline. the house is set to reconvene this morning at 9 a.m. pacific time with its vote expected sometime today or tomorrow. we're still not sure. highlights of the bill include an extension of those bush-era tax cuts on annual i
. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff lie this is front of us. >> secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the rose parade route preparing for cold weather. >> we have bed, fireplace, blankets, fire pit. we're all set. from across the bay to around the world, the...
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senators waiting until after the fiscal cliff deadline passed at midnight before they finally approved an agreement. the deal would raise taxes only on wealthy americans and would put off any spending cuts for two months. the agreement now goes to the house where passage is not certain. >>> secretary of state hillary clinton will be spending this holiday in a new york hospital. her third day there after doctors discovered a blood clot near her brain. abc's martha raddatz has the latest on her serious health scare. >> reporter: this morning the normally globe-trotting secretary of state remains in a hospital room. monitoring closely being given blood thinners to break up the clot in her head. family members including daughter chelsea close at her side. a statement from her doctors new year's eve saying the scan revealed a clot in the vein that is situated in the space between the brain and the skull behind the right here ♪ the statement says the secretary did not suffer a stroke or any neurological damage but this is clearly a serious setback. >> the goal there is to try and dissolve
senators waiting until after the fiscal cliff deadline passed at midnight before they finally approved an agreement. the deal would raise taxes only on wealthy americans and would put off any spending cuts for two months. the agreement now goes to the house where passage is not certain. >>> secretary of state hillary clinton will be spending this holiday in a new york hospital. her third day there after doctors discovered a blood clot near her brain. abc's martha raddatz has the latest...
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. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff still lies in front of us. >> doctors confirm that secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the 5.5-mile rose parade route prepared for the cold weather. >> we have the bed, couple of blankets, the fear pit, chairs, we're all set! >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald >> this is the touchdown! [ applause and cheers ] ♪ [ music ]♪ >> good morning, already a busy 2013. happy new year to everyone. i'm grace lee. michelle is off today. >> all right. i'm frank mallicoat. happy new year, everyone. it's 5:30 now. we are going to take you to washington. we have a live look at the u.s. capital where congressional leaders may have found a way finally to avoid the dreaded "fiscal cliff." >> after that midnight eastern time deadline, the senate passed a b
. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff still lies in front of us. >> doctors confirm that secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the 5.5-mile rose parade route prepared for the cold weather. >> we have the bed, couple of blankets, the fear pit, chairs, we're all...
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a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed. >> reporter: the senate approved a measure that puts off spending cuts for two months and keeps the tax cuts for individuals earning less than $400,000 and couples earning more than 450,000 there. the goal was to protect the middle class families. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. they can decide how they're going to pay for groceries, rent. >> we don't think taxes should be going up on anyone, but we all knew that if we did nothing, they would be going up on everyone today. we weren't going to let that happen. >> reporter:
a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed....
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fiscal cliff last minute deal looks set for a new year tax hike in america for the time being at least. you're watching a very happy new year too. new year's global race has wrapped up so let's take a quick look at some of the most spectacular celebrations being held so far new zealand was among the first to washington's a pretty proud spot the harbor no draw to display the city's sky tower almost two million people turned out he celebration australia sydney skyline erupted with a nonstandard draw dropping for works at midnight from the bridge. night need to move on to asia with hong kong which really built up the tension of the countdown the top the sky from both land and sea europe has also welcomed the new year major fireworks display at the brandenburg gate and burnin and becoming one of the world's largest open air parties and a dazzling display also splashed skies above the london eye in the u.k. capital. to million spectators descend york's times square celebrate the event a traditional. new year in russia officially kicked off when the clock tower in the moscow rang out twelve
fiscal cliff last minute deal looks set for a new year tax hike in america for the time being at least. you're watching a very happy new year too. new year's global race has wrapped up so let's take a quick look at some of the most spectacular celebrations being held so far new zealand was among the first to washington's a pretty proud spot the harbor no draw to display the city's sky tower almost two million people turned out he celebration australia sydney skyline erupted with a nonstandard...
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., two hours after the deadline for the fiscal cliff, the senate approved a measure that would block across the board tax increases as well as spending cuts. now, under the senate deal, there would be tax increases for individuals making $400,000 or more and for families making over $450,000. that's a higher fresh hold than the president had wanted. as for the spending cuts to defense and domestic programs, they would not happen automatically. instead, they would be delayed for two months allowing lawmakers to continue negotiating. while there is renewed optimism that the country will avoid the worst case scenario in all of this, it is not by any stretch a done deal. the house has to approve the compromise. they reconvene at noon today. but it's anybody's guess whether they go along with it. we have to wait and see. reporting live from capitol hill, megan mcgrath. erika, back to you. >> thank you, megan. the treasury department is trying to avert a different financial crisis. it stopped issuing new debt for two government retirement funds. that move will keep the government from reac
., two hours after the deadline for the fiscal cliff, the senate approved a measure that would block across the board tax increases as well as spending cuts. now, under the senate deal, there would be tax increases for individuals making $400,000 or more and for families making over $450,000. that's a higher fresh hold than the president had wanted. as for the spending cuts to defense and domestic programs, they would not happen automatically. instead, they would be delayed for two months...
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that make up the fiscal cliff. the vote was an overwhelming 39- 8. the house vote is expected tomorrow. >>> meanwhile back in the west coast here's a live look. up to a quarter a million people are expected for the fireworks show. many of them staked out their spots hours ago and they were hanging out despite temperatures plummeting. >>> every year bringing changes some good, some bad and some less. less change in your pocket any way. mike sugarland says get ready to pay more for everything starting tomorrow. >> reporter: has the dubious distinction of having the highest sales tax in california. >> even if it's just one penny. it's 5-cents it's going to add up. especially for young kids, i'm 21 and i spend money like it's nothing. >> reporter: now when she spends money like it's nothing she's going to spend a penny for every $4, that's a big deal. >> nobody likes it but i guess if it has to be it has to be. >> reporter: steve leon is a manager of a local tire store and he's not worried. prop 30 raised taxes and it
that make up the fiscal cliff. the vote was an overwhelming 39- 8. the house vote is expected tomorrow. >>> meanwhile back in the west coast here's a live look. up to a quarter a million people are expected for the fireworks show. many of them staked out their spots hours ago and they were hanging out despite temperatures plummeting. >>> every year bringing changes some good, some bad and some less. less change in your pocket any way. mike sugarland says get ready to pay more...
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plus it is a fiscal cliff a last minute deal looks set to fend off a new year tax hike in america for the time being at least and island takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad calls out for strong leadership. and i welcome and happy new year you are watching r.t. life from moscow with me. now is a new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have happened so far new zealand was among the first to usher in twenty thirty crowd packed the harbor in oakland to enjoy the display of the city's sky tower while almost two million people turned out at the key celebration in this trailer city skyline erupting with the now standard jaw dropping fireworks at midnight from harbor bridge great site a midnight later moved on to asia this is hong kong which really built up the tension with a camp dam then lit up the sky from both land and sea. shortly after europe welcomed the new year with a major fireworks display at the brandenburg gate in berlin be
plus it is a fiscal cliff a last minute deal looks set to fend off a new year tax hike in america for the time being at least and island takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad calls out for strong leadership. and i welcome and happy new year you are watching r.t. life from moscow with me. now is a new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have...
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. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense negotiations, the white house and senate republicans reached a deal. tonight vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out an agreement. that would permanently extend the bush tax cut for individual making under 400,000. hou
. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut....
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that make up the fiscal cliff. the vote was an overwhelming 89- 8. a house vote is expected tomorrow. >>> meanwhile, back on the west coast, here's a live look at the embarcadero. san francisco now 45 minutes away from the year 2013. tonight, up to a quarter of a million people are expected for the midnight fireworks show. many of them staked out their spots hours ago and they are hanging around in spite of temperatures plummeting into the 40's now. >>> every year brings new changes. some good, some bad, and some less. less change in your pocket anyway. mike sugerman says get ready to pay more for everything, starting tomorrow. >> reporter: the city of el cerrito, where ups notices gather, because no one is there to collect them. it has the dubious distinction of having the highest sales tax in california. >> it's 5 cents. it adds up. i'm only 21, and i spend money like it's nothing. >> reporter: now, when she spends money like it's nothing, she's going to spend an extra quarter of a cent every time she spends $1.
that make up the fiscal cliff. the vote was an overwhelming 89- 8. a house vote is expected tomorrow. >>> meanwhile, back on the west coast, here's a live look at the embarcadero. san francisco now 45 minutes away from the year 2013. tonight, up to a quarter of a million people are expected for the midnight fireworks show. many of them staked out their spots hours ago and they are hanging around in spite of temperatures plummeting into the 40's now. >>> every year brings new...
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there is a tentative agreement to block fiscal cliff across-the-board tax increases and sweeping spenning cuts that were due to take effect at midnight. though the midnight deadline was brea final agreement. there could be a senate vote in a matter of hours on the proposed deal. and the house will reconvene less than 12 hours from now. the temporary agreement keeps income tax rates steady for most americans, limiting tax hikes to people making more than $450,000. and extends jobless benefits for 2 million unemployed. and puts off automatic spending cuts on the pentagon and domestic programs for two months. now back to "the five" new year's eve special. for all of your headlines, go to our web site at foxnews.com. five." ♪ ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax. >> what? that is a hoax? it's not real? >> oh, man
there is a tentative agreement to block fiscal cliff across-the-board tax increases and sweeping spenning cuts that were due to take effect at midnight. though the midnight deadline was brea final agreement. there could be a senate vote in a matter of hours on the proposed deal. and the house will reconvene less than 12 hours from now. the temporary agreement keeps income tax rates steady for most americans, limiting tax hikes to people making more than $450,000. and extends jobless benefits...
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plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. with the scene now set for another showdown on capitol hill. and arlen takes over as the head of the european union but it's massive debt leaves it in a position just as the broad calls for strong leadership. hello good morning and happy new year you are watching live from moscow with me andrey farm. now as the new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have happened so far new zealand was among the first to last year in two thousand and thirteen crowds packed the harbor in oakland to enjoy the display at the city's sky tower while almost two million people turned out at peak a celebration in australia sydney's skyline erupting with the now standard jaw dropping fireworks at midnight from the harbor bridge there midnight later moved on to asia and this is hong kong which really built up the tension with the can down then lit up the sky from both land and sea. europe has also welcomed in the new year with a
plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. with the scene now set for another showdown on capitol hill. and arlen takes over as the head of the european union but it's massive debt leaves it in a position just as the broad calls for strong leadership. hello good morning and happy new year you are watching live from moscow with me andrey farm. now as the new year continues to roll out across the world let's take a quick look at some...
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but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what you need in the senate usually is 51 votes. we've gotten into this environment here where we assume that everything needs 60 votes. it doesn't have to be that way. you heard fromenator harkin there, he and a bunch of other senate lib rarblingts shelton white house, al franken, jay rockefeller, other, huddled in harry reid's office earlier today. i was standing outside that room when they came out. they were tight-lipped. they were grim. they went into a side meeting all their own to try and decide what to do. they weren't talking when they came out. what you are looking for t
but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what...
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taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes afternoon american family avoid tax increase of more than 3400 dollars. . officials told that you say this is a compromise so we don't love it but it's the right thing to do for the economy. karen travers abc news washington. >> wreaths talk about the weather on the new year's eve. it's pretty chilly tonight. already is pretty chilly outside. already people are streaming in large numbers into the streets of san francisco ready for the fireworks display but it looks fairly clear. let's go now to expense we are our accu-weather forecast. not a bad night at all. >> not bad. getting clearer as we talk. here's live doppler 7 hd. moisture rushed the planes coast line earlier that dropped south ward now moving away from the bay area. skies getting clearer which means good visibility good viewing for the fireworks display later tonight. these are 8:00 p.m. temperature readings. don't have the 9:00 p.m. readings in just yet but already temperatures dropping into the 30's up
taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes afternoon american family avoid tax increase of more than 3400 dollars. . officials told that you say this is a compromise so we don't love it but it's the right thing to do for the economy. karen travers abc news washington. >> wreaths talk about the weather on the new year's eve. it's pretty chilly tonight. already is pretty chilly outside. already people are streaming in large numbers into the...
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plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. but the same man set for another showdown on capitol hill. and i learned takes over as the head of the european union but it's massive dead leaves it in a weak position just as the broad calls out of a strong leadership. cloak borning and happy new year you are watching r.t. live from moscow with me. now the new year has reached the new year race has reached america's east coast midnight has just struck in new york these are live pictures from times square over a million spectators are there to celebrate the event with the traditional ball drop the iconic symbol has been decorated with tens of thousands of colored lights organizers say that. could be a record tonight for new year's celebrations in the big apple these are live pictures many people celebrating you can see they're bringing in twenty to. well let's take a quick look at some of the most spectacular celebrations and firework displays of happened around the world new zealand was among the first to usher in twenty thirty cro
plus it is a fiscal cliff as a last minute deal seems likely to fend off a new year tax hike in the u.s. but the same man set for another showdown on capitol hill. and i learned takes over as the head of the european union but it's massive dead leaves it in a weak position just as the broad calls out of a strong leadership. cloak borning and happy new year you are watching r.t. live from moscow with me. now the new year has reached the new year race has reached america's east coast midnight has...
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ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted taxes to go up on couples making $250,000. this deal is a concession as it increases on households. >> it has been clearly a g ood- faith negotiation. we all want to protect taxpayers and we can get it done now. >> reporter: a sticking point is a sequester. more than a trillion dollars in social programs, they say that the market needs structure and certainty, not haggling. it could take a hit if the deal falls a part. with higher taxes, california would spend less and tax r eceipts would drop. the loss of $11 billion in revenues in two years. the automatic spending cuts could affect thousands of jobs here in california. >>> optimism strikes a deal on a winning note. they break a five-day losing streak. the nasdaq scored a 2% gain with a 55 gain. >> they tell me they
ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted taxes to go up on couples making $250,000. this deal is a concession as it increases on households. >> it has been clearly a g ood- faith negotiation. we all want to protect taxpayers and we can get it done...
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cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000 and extend unemployment benefits. >> we will work on finding smarter ways to cut spending. but let's not let that hold up perecing americans -- protecting americas. >> reporter: here is where they have been struggling, automatic spending cuts to the trillion dollars mark. it would effect the defense department and social programs. >> wee using -- we are using an ax instead of a scalp. >> reporter: even if there is a vote tonight in the senate the house still has toapprove something and they have -- to approve something and they have already gone home. they will be back
cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000 and extend unemployment benefits. >> we will work on...
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put off for a couple of months. >> delayed. >> and that sets up the second fiscal cliff battle that washington will deal with and that is over the debt ceiling. explain that for folks who may not be following it. >> exactly. and you are right to point that out because these are two more battles really colliding with one another. kicking the can down the road, both parties on the sequester. two months from now we back here dealing with again whether or not they can come up with more spending cuts, more tax increases according to how the president is now saying it, he is saying it should be a split. he said that earlier at his event here that was criticized by republicans for looking like a campaign rally, looking like he was doing a victory lap. they deny that here and say the president was just rehe stating his principles here but he said this should be split between more are revenue and more spending cuts not just spending cuts. that is going to be controversial with republicans as you know. in two months they have to come back and buy down more of the sequester and shut it down mo
put off for a couple of months. >> delayed. >> and that sets up the second fiscal cliff battle that washington will deal with and that is over the debt ceiling. explain that for folks who may not be following it. >> exactly. and you are right to point that out because these are two more battles really colliding with one another. kicking the can down the road, both parties on the sequester. two months from now we back here dealing with again whether or not they can come up with...
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cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is spending. the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm
cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >>...
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goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal. the dow finished ahead 166. the s&p 500 was up 24. the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama inconsistent statements whether the benghazi assault was terrorist attack
goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal....
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it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we saw president obama come out earlier today and talk about the fact that look, this isn't a perfect deal. this represents compromise on all sides. part of the reason you saw president obama come out today is not only to pressure republicans, but also to pressure democrats to get the deal done before this midnight deadline that is now so close and that is fast approaching. so there is some opposition that is being voiced from the left. could this impact the decision of some senate democrats? we'll have to wait and see, certainly. but, of course, when these deals come together, there are a lot of dis
it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we...
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washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain how we got to this point and who will suffer as a result. it was a battle and lack of that caused the republican led house of representatives tomorrow. that means we will go over the fiscal cliff at midnight tonight. something the president didn't when he met with reporters >> if this seems that this deadline is shortly in sight. >> reporter: the president indicated that congress was closing in on an increase in taxes for the middle-class. ford and com burgers over the amount of $450,000. for -- the amount of the and, revenue of $450,000 household incomes. >> if they think i'm going to finish with deficit r
washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain...
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but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old jubrill jordan. she was killed and a 14-year- old boy wounded near 66 and lion yesterday as they walked to a nearby bart station. witnesses say the shooter was also a teenager possibly as young as 13. >> my grand kid come to my house every, single day, kid they like to go to places, to friends' house, they take off though their little friends house and these fools out here killing each other. it's not right. >> the shooting brings oakland's homicide total to 131 for the year a 27% increase from last year. >>> remember all that christmas shopping that you did? good timing. as cbs 5 reporter mike sugerman te
but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old...
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> depending on the advantage point, the fiscal cliff looks different to different team. and consumer editor tom vacar is here now with three views, washington, business and taxpayers. >> reporter: three indeed. it is not if we are going off the cliff, it is how hard we are going to hit. >> what we want done here is structure and certainty. >> reporter: there will soon be a deal. >> i think it is the consequences that people really didn't like to see. >> reporter: that is the view from wall street. what they are thinking here on main street. >> be on my comprehension, you know. such a important thing. not leave it for the last minute. >> i think it is apparent they don't answer their constituents anymore. there is interests and lobbyists that are controlling the decision making and we are an after thought now. >> they should do something about it. we elect these people. >> reporter: he sees it another way. >> i am actually in favor of the fiscal cliff. and i would rather go over it than have a partial solution. >> reporter: he says a deficit will sink us. >> in order for
> depending on the advantage point, the fiscal cliff looks different to different team. and consumer editor tom vacar is here now with three views, washington, business and taxpayers. >> reporter: three indeed. it is not if we are going off the cliff, it is how hard we are going to hit. >> what we want done here is structure and certainty. >> reporter: there will soon be a deal. >> i think it is the consequences that people really didn't like to see. >>...
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keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a scalpel. it may not always be the smartest cuts. that is a piece of business that still has to be taken care of. i want to make clear that any agreement we have to deal with these automatic spending cuts, those also have to be balanced. my principle has always been to do things in a balanced, responsible way and that means revenues as to be part of the equation in turning off the sequester as well as spending cuts. the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do
keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a...
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. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemplo
. >> turning now to the fiscal cliff. it's cost americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff...
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cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video. let's listen again. >> . >> never trust the caterers. anyway, republican national chairman committee man. i say that because i could not have been somebody who paid 1 $10,000 to go 234 there and then hurt the guy. >>> if u you're right about this election, it's the numbers. first of all, they occupy people. 1 pnt. all of the sudden, 1% became the thing to talk about. and then the 47% being anybody who's on any kind of government benefit program. whether it's disability or retirement or military or pension. everything was panted as bad. where did he get that number? >> well, look, you know, this election was all
cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video. let's listen again. >> . >> never...
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there at least on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind you-- what you need in the senate usually is 51 votes. we've gotten into this environment here where we assume that everything needs 60 votes. it doesn't have to be that way. you heard from senator harkin there he and a bunch of other senate lib rarblingts shelton white house al franken jay rockefeller, other huddled in harry reid's office earlier today. i was standing outside that room when they came out. they were tight-lipped. they were grim. they went into a side meeting all their own to try and decide what to do. they weren't talking when they came out. what you are looking for there i
but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there at least on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind you-- what you...
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that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's remarks at -- i guess it was the executive office building. and i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i've been around this town for a number of years, and as is well known, i had an interest in the presidency more than academic and i've watched a lot of presidents, going back to president reagan from the standpoint of a member of congress. and i've watched these other crises as we go through them, whether it be the potential shutdown of the governme
that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's...
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cliff the taxes aren't the biggest impact it's going to be spending cuts massive spending cuts because let's face it even though washington is seems seems to have forgotten how we can all mix were work when an economy is depressed when there's not people spending money it's up to the government to come in and invest in the. spend money here and we're talking about contractionary economics we're talking about cutting back spending which is the opposite of what we should be doing and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president obama i want to play just a little bit of what he had to say. preventing that tax hike as been my top priority because th
cliff the taxes aren't the biggest impact it's going to be spending cuts massive spending cuts because let's face it even though washington is seems seems to have forgotten how we can all mix were work when an economy is depressed when there's not people spending money it's up to the government to come in and invest in the. spend money here and we're talking about contractionary economics we're talking about cutting back spending which is the opposite of what we should be doing and it's the...
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, like the ones in the fiscal cliff proposal or, at worse, the monetizing of the debt, the -- a drop in the value of the dollar, and all the harmful effects that that will have on our economy and our country. so, we come -- so, here we are december 31, not only the eve of a new year, which we hope and pray will be a great one for our country and everyone who lives in it, but a few hours away from letting our country go over the cliff. and we can't let it happen, and that's why i'm so encouraged that these bipartisan negotiations will produce -- are looking like they'll produce a bipartisan agreement which hopefully will come before the senate sometime this evening. this is not -- this will not be the comprehensive, bipartisan long-term debt agreement that we created the cliff to encourage. this will not be the bipartisan long-term debt reduction agreement that this country needs. so smuch going -- beginning to turn right in our economy. how's -- so much is going -- beginning to turn right in our economy. housing is doing so much better. unemployment is down. you see manufacturing pic
, like the ones in the fiscal cliff proposal or, at worse, the monetizing of the debt, the -- a drop in the value of the dollar, and all the harmful effects that that will have on our economy and our country. so, we come -- so, here we are december 31, not only the eve of a new year, which we hope and pray will be a great one for our country and everyone who lives in it, but a few hours away from letting our country go over the cliff. and we can't let it happen, and that's why i'm so encouraged...
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cliff, the tax cliff but that is giving of money, medicare fix, an alternative minimum tax patch, and more unemployment insurance checks, that is spending. but the cuts that puts such a didn't in our military capability has not been dealt with, that is a problem to try to get votes for on the republican side and a problem for long term because it is another band-aid for weeks or months to come. >>trace: and pie in the sky, say for some reason they come to terms on the draconian spending cuts, militarily and domestically, what about the taxes? mcconnell says they have come to term on the taxes, but is that sellable to speaker boehner's republican house members? >>reporter: it depends on what speaker boehner himself supports. if boehner comes to the conference and says i think this is a bad deal, they will vote against it. and he probably will not bring it to the floor. if the not puts out a deal with mcconnell's pleasing that speaker boehner sees as too reasonable to town -- turn down and he says to the members do you not have to vote but i will, he will get a good majority of his lead
cliff, the tax cliff but that is giving of money, medicare fix, an alternative minimum tax patch, and more unemployment insurance checks, that is spending. but the cuts that puts such a didn't in our military capability has not been dealt with, that is a problem to try to get votes for on the republican side and a problem for long term because it is another band-aid for weeks or months to come. >>trace: and pie in the sky, say for some reason they come to terms on the draconian spending...
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CSPAN
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by thoughts on the fiscal cliff are, why don't we just let the bush tax cuts expired? host: on that point, where would you draw the line in terms of the middle class americans? the president said $250,000, but that threshold could now be $450,000. caller: i came from a pretty upper in the family. but i do not consider -- $60,000, $70,000 -- that is pushing at. $90,000? no, no. that is not middle-class. you are making more than triple what some of your average americans make in the year. host: ok. republican line. caller: thank you. i just want to respond to tom harkin's comments. the housing market is largely responsible for the mess we're in right now. they voted not to pay taxes on $100,000 worth of gains every two years and extended mortgages to people who never in the history of our country could have afforded a home, under the idea that everybody should be able to have a shot at the american dream. i really -- i am just upset. they hold out until the last day when they had all year to deal with these issues. now the passion and the i read attitudes of people are c
by thoughts on the fiscal cliff are, why don't we just let the bush tax cuts expired? host: on that point, where would you draw the line in terms of the middle class americans? the president said $250,000, but that threshold could now be $450,000. caller: i came from a pretty upper in the family. but i do not consider -- $60,000, $70,000 -- that is pushing at. $90,000? no, no. that is not middle-class. you are making more than triple what some of your average americans make in the year. host:...
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Dec 31, 2012
12/12
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KPIX
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her& onpanother on the tax cut. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened. >>> colts' head coach makes it back to the sidelines three months after being diagnosed with cancer. >> the minute you get the diagnosis, you know, it's like getting hit across the head with a baseball bat. >>> kim kardashian and kanye west are expecting their first child. >> a little shocked. a little surprised. >> if there's no agreement by cliff, economists predict america will go back into a >> we don't want a howard dean sc reamscre. am. >> bungee jumping. >> we might need it. i might then and i might now. >>> i'm norah o'donnell with anthony mason. ch arlichare anlie d gaand yle gaylare e aroff.e off. o'donnell with anthony mason.
her& onpanother on the tax cut. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened....
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Dec 31, 2012
12/12
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KTVU
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well, now we're less than 13 hours away from going over that fiscal cliff when taxes automatically go up and government spending cuts take effect. as ktvu's kyla campbell reports from our washington, d.c. newsroom, the sticking point is still who's gonna pay more taxes? kyle this. >> reporter: we just heard from senate majority leader harry reid. he said discussions don't this hour and the single most important goal remains to protect the middles can. hitch mock connell and vice president joe biden picked up negotiations again this northerning after talking yesterday -- morning after talk as yesterday. democrats want to raise taxes on householding making $450,000. republicans are hoeing out at $550,000. without a deal, income taxes will go up on all americans tomorrow. some lawmakers expect a short- term deal to keep that from happening but they are running out of that time to get it done. >> any time you are putting a deal together, it's always the details that will give you. you have to get the details done. there is a lot of backroom operation going on right now, making sure all of
well, now we're less than 13 hours away from going over that fiscal cliff when taxes automatically go up and government spending cuts take effect. as ktvu's kyla campbell reports from our washington, d.c. newsroom, the sticking point is still who's gonna pay more taxes? kyle this. >> reporter: we just heard from senate majority leader harry reid. he said discussions don't this hour and the single most important goal remains to protect the middles can. hitch mock connell and vice president...